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formaaaa Updated  Oct 15, 2023

The rising USD against PLN has finally broken through its descending trendline. This strength in the dollar can be attributed to rising bond yields (amid an unmoved Federal Reserve) and the prevailing economic challenges in Poland and the European Union (recessions). On a technical note: The USDPLN pair has successfully broken out of a descending trendline on the...

formaaaa Updated  Oct 14, 2023

As we transition from late 2022 to early 2023, Bitcoin's resounding bullish trajectory appears to be facing headwinds. A detailed technical analysis reveals subtle signs of waning momentum. Specifically, the last two peaks were marked with an RSI just marginally surpassing 70, indicating potential overbought conditions. Concurrently, the asset's price struggles to...

formaaaa Aug 1, 2023

Optimistic indicators have recently graced the GBPJPY forex pair. Analyzing the daily charts, a bullish momentum is clearly reinstated, with two consecutive daily closings above the significant 50-day moving average. Moreover, the hourly chart illustrates a robust consolidation within this burgeoning bullish trend. We are poised for a potential breakout above the...

formaaaa Aug 1, 2023

Introduction Forex trading is the practice of buying and selling different currencies to profit from market fluctuations. This financial market is the largest in the world, with an average daily trading volume of $6.6 trillion, making it an attractive arena for traders. In this article, we'll cover some fundamental principles of forex trading, and show you where...

formaaaa Jul 27, 2023

We are observing an intriguing shift in the copper market that might offer a potentially profitable trading opportunity. On the daily timeframe, copper prices are manifesting a noteworthy breakout from a symmetrical triangle pattern, an event typically associated with substantial price movements. Moreover, on the hourly timeframe, the metal is crafting a fresh...

formaaaa Jul 24, 2023

USDJPY has recently experienced a significant breakout, reaching levels not witnessed since 1990. Subsequently, it retraced to the 138.75 region, where it found support at both weekly and monthly bullish levels, indicating underlying strength in the market. Presently, the currency pair is showing signs of a renewed bullish trend on the daily timeframe. Trade...